Corient IA LLC Takes $412,000 Position in Cameco Corporation $CCJ

Corient IA LLC acquired a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the basic materials company's stock, valued at approximately $412,000.

A number of other large investors also recently modified their holdings of CCJ. Manchester Capital Management LLC raised its stake in Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Dagco Inc. purchased a new stake in Cameco in the first quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in Cameco in the fourth quarter valued at approximately $39,000. Ameriflex Group Inc. purchased a new position in shares of Cameco during the fourth quarter worth approximately $40,000. Finally, CoreCap Advisors LLC raised its stake in shares of Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after acquiring an additional 920 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCJ has been the topic of several research reports. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. TD Securities reissued a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group lifted their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Glj Research reissued a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Twelve research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and an average target price of $82.65.

Cameco Stock Down 0.1%

Shares of Cameco stock opened at $75.51 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $80.32. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of 86.79 and a beta of 1.06. The company's 50 day moving average price is $73.74 and its 200-day moving average price is $56.09.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analysts' expectations of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. Equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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